What is credit line suitable for?

Credit line is a convenient option to constantly keep extra money at hand. Therefore, it is an ideal solution to cover
unexpected major expenses. It is also a good solution for those, who are planning to spend more on various activities, for
example, repair work, construction, etc.

Credit line is available on a separate credit account, which means that you can make transfers directly from the credit line
account. You can also transfer the necessary amount from the credit line account to your daily bank account. This enables
you to withdraw credit line in cash and also use it for card payments.

You can make repayments to the credit line account at a time and in the amount of your choice. This way, you pay less
interest and can use the money again.

Regular price list of bank transactions applies to these transactions.

Terms and conditions for receiving credit line

All adult Estonian citizens or persons staying in Estonia on the basis of a permanent or temporary residence permit, whose
average monthly net income in the last half year has been at least € 500 and it has been regularly received to their bank
account, may apply for credit line.

If you are not a Swedbank client or your income is not transferred to Swedbank, we kindly request you to submit a bank
statement of your income over the last 6 months to apply for credit line.

Interest and charge arising from obligations

The interest rate of credit line is 13–22%. The final interest rate depends on the amount, the borrower’s obligations and
solvency. Interest has to be paid only for the days you actually use the money.

Charge arising from obligations is similar to monthly fee, amounting to only 1.2% per year and it is calculated from the
unused amount of loan.

Agreement fee

The agreement fee is 1.5% of the credit limit, a minimum of € 35.

Automatic extension

If you have been following your contractual duties for a year and the ratio of your obligations and income is in accordance
with the bank’s conditions, the credit line agreement shall automatically extend for another year according to the terms and
price list valid at the moment of extension. This happens according to the terms and conditions and price list valid at the
moment of extension. The bank will inform you about the terms and conditions for extending the credit limit. Upon automatic
extension of credit line, the repayment period is also extended.

Overdraft agreements

The bank informs the clients personally about the extension of overdraft agreements that have been entered into before 2
March 2015. Upon automatic extension, the standard terms and conditions valid at the moment of extension apply.

How do repayments work?

The repayments begin once you want to start to repay the used credit limit or the use period ends.

Monthly payment

Upon entering into an agreement, we will agree with you on a monthly payment of the principal amount of your credit limit
over the period of repayment. This is calculated as follows: we will divide your credit line credit limit with the maximum
length of the period of repayment, which is always 48 months. For example, if you apply for credit line in the amount of €
4,800, we will divide it with 48 and this results in € 100 for a monthly payment.

Repayment period

For example, if you have used € 2,000 from credit line amounting to € 4,800, upon entering into agreement, we will divide it
with the obtained monthly fee, which is € 100. This way, the period of repayment is 20 months. You can no longer use the
unused part of credit line during the period of repayment, which in this case is € 2,800.

Using credit limit during the period of repayment

The credit limit of the credit account of credit line can be used if you have made additional repayments to this account.
This way, you can implement this amount, but it decreases by a monthly payment each month.

Repayments or monthly payment

It is taken automatically from your bank account. If you have made repayments to the credit account of credit line yourself,
then a monthly payment will be first taken from the credit account of credit line.

The credit line agreement expires if the client has repaid all used credit limit, accrued interest, and the charge arising
from obligations.

Early repayment

You can also partially or fully repay credit line before the end of term. In order to do this, you need to send us a bank
notice through the online bank or submit an application at a Swedbank office. Partial or full premature repayment of credit
line is free of charge.

Changing the credit limit

To increase the credit limit of credit line, please submit an application;
to decrease it, please send a bank notice or visit a Swedbank office.

Changing the payment date or serviced account

To change the payment date or serviced account, please send a bank notice via the online bank or visit the nearest Swedbank
office.

Please read the terms and conditions carefully before you sign the contract, and consult an expert if necessary.

How is a credit line different from overdraft?

A credit line is set up on a separate account – a credit line account. You can keep a sum on this account, which is equal to
the credit line sum issued to the client. If you make a transaction and the sum on the credit line account then exceeds the
credit line sum, the excess sum shall be transferred back to the client’s current account during day change. If someone else
transfers the excess sum, the excess sum is still transferred back to the client's current account and not to the current
account of the person who made the transaction.

Credit line requires the client to pay a commitment fee for the unused loan sum. In case the client does not respond to the
extension conditions, the client does not need to repay the whole loan sum immediately but it can be done over 48 months.
Signing a separate repayment schedule is not necessary for terminating the contract. The limit shall decrease automatically
every month and the client shall have the right to use the sum that has not been repaid.

What happens with my existing overdraft contract?

The existing overdraft contracts shall continue to be valid on the existing terms and the contracts can be amended at your
request.
We shall extend your overdraft contract in case you qualify for the automatic extension. Please note that by extending the
contract, the terms (incl. the interest) and the standard terms and conditions applicable to your overdraft contract may
change.

If desired, you can exchange the free of charge overdraft contract for a credit line agreement. For this, please submit us a
relevant application via the Internet bank of in a bank office.

Will my overdraft automatically turn into a credit line?

No. If you want you can continue using the overdraft. If you would like to start using a credit line instead of the
overdraft then present us with a credit line application in the Internet Bank or at any branch.

How can I end my overdraft contract?

You can terminate the overdraft contract in the Internet Bank if the current account connected to your contract has the
necessary sum for covering the overdraft. If the current account does not have a sufficient sum but you would still like to
terminate the contract, you can send us a bank notice or turn to the nearest branch. In this case we agree on the conditions
of repaying the insufficient sum separately.

Annual percentage rate

Annual percentage rate

Credit line

The annual percentage rate is 19,575% on the following exemplary conditions:

credit limit €2000;

fixed interest rate 17%;

contract fee €35;

the sum of repayments €3020.13;

the total cost of the credit €1055.13;

the total sum of the credit €305513.

The rate is calculated on the basis that the loan is used immediately in the full amount and is in use for 5 years.

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Products

This is a website of companies offering financial services – Swedbank AS, Swedbank Liising AS, Swedbank P&C Insurance AS, Swedbank Life Insurance SE, and Swedbank Investeerimisfondid AS. Before entering into any agreement read the terms and conditions of the respective service. Consult a specialist, where necessary.
Swedbank AS does not provide a credit advisory service for the purposes of the Creditors and Credit Intermediaries Act. The borrower makes the decision of taking out a loan, who assesses the suitability of the loan product and contractual terms to his/her personal loan interest, need and financial situation on the basis of the information and warnings presented by the bank and is responsible for the consequences related to concluding the agreement.